国际经济贸易学院丁思莹助理教授的合作论文The effectiveness of entry deregulation: Novel evidence from removing minimum capital requirements 于2024年9月在国际权威期刊Journal of Development Economics正式发表。

文章链接：https://doi.org/10.1016/j.jdeveco.2024.103304

论文摘要

Although minimum paid-in capital requirements impede firm entry, governments worldwide have only recently started to reduce or remove such requirements. This study is among the first to examine the effectiveness of an entry deregulation reform in China that eliminated such requirements. We exploit city–year–month variation in reform implementation and employ a large nationwide administrative dataset of firm registrations, finding that the deregulation strongly encourages firm and job creation. Moreover, we find that the deregulation exerts a pro-competitive effect by encouraging the entry of small and medium-sized firms, private firms, and single-shareholder firms, which diversifies the industrial bases and reduces the industrial concentration of economic activity. Finally, we provide suggestive evidence that the deregulation promotes economic growth in the deregulated cities.

研究背景和研究意义

20世纪初以来，世界各国陆续实施了一系列简政放权的政策以营造更宽松的市场准入环境，从而促进企业的设立。其中，降低企业最低注册资本金的政策在近年来开始受到世界各国的广泛推崇。然而，学术界对于该项政策仍缺少必要的关注以及缺乏对其政策效果进行严谨的实证研究。本文以中国的注册资本金改革为例，首次较为系统地研究了企业最低注册资本金要求的放宽所带来的政策效应。具体而言，本文通过利用各城市实施改革的时间差异构建外生政策冲击，结合2011-2016年间全国工商登记注册数据进行准实验设计，以探究最低注册资本金改革的政策效果。研究发现，企业最低注册资本金要求的放宽有力地促进了企业的进入和就业的增长。此外，我们发现该改革对于中小企业、私营企业和单一股东企业的进入起到了更大的促进作用。我们的研究还证实，这些不同类型企业的进入不仅促进了市场的竞争，也使得市场中行业的发展更具多样性，一定程度上促进了经济的增长。

作者介绍

丁思莹，对外经济贸易大学国际经济贸易学院助理教授、美国印第安纳大学经济学博士，主要从事公共经济学、国际贸易学方面的研究。其研究成果发表在Journal of Development Economics, Journal of Urban Economics, European Journal of Political Economy, World Economy,《中国社会科学》等国内外知名学术期刊。